Large conglomerates that combine many different financial institutions within a single corporation are known as financial services corporations. a company that offers a variety of financial services, such as commercial banking, insurance, and brokerage. The economy is divided into a number of distinct categories known as sectors.
These industries are made up of various businesses that provide consumers with goods and services. Institutions in the same industry are grouped together because they offer comparable goods or services. Businesses that provide agricultural services, for example, make up the agricultural industry. Businesses that provide mobile or cellular telephone services are classified in the telecommunications industry.
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